Golden Ten Data News on September 6th, analyst Rashmi Gala said that concerns about demand prospects have suppressed oil prices, and Brent crude oil has reached a new low. Although OPEC+ has decided to postpone the time to increase supply by two months, easing the risk of oversupply in the fourth quarter, it has shifted the problem to 2025, as the organization still plans to lift the 2.2 million barrels per day production cut between December 2024 and November 2025. OPEC+ continues to support other sources of oil supply, rather than market share, which makes the space for OPEC to implement production cuts increasingly smaller without causing a significant drop in oil prices. The expected bottom of Brent crude oil at $70 may face risks.
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Analist: Talep görünümü petrol fiyatlarını baskılıyor, OPEC+ üretim artışını ertelemek aşırı arz riskini çözmedi
Golden Ten Data News on September 6th, analyst Rashmi Gala said that concerns about demand prospects have suppressed oil prices, and Brent crude oil has reached a new low. Although OPEC+ has decided to postpone the time to increase supply by two months, easing the risk of oversupply in the fourth quarter, it has shifted the problem to 2025, as the organization still plans to lift the 2.2 million barrels per day production cut between December 2024 and November 2025. OPEC+ continues to support other sources of oil supply, rather than market share, which makes the space for OPEC to implement production cuts increasingly smaller without causing a significant drop in oil prices. The expected bottom of Brent crude oil at $70 may face risks.